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Updated over 2 years ago,
I have cash to buy, now what?
Hi all,
I'm really willing and able to buy SFH or MFH, STR properties (assuming the deal is right) and have been for the past couple of years. I was able to scoop up a nice STR which has decent cashflow. I am a real estate sales person in CT, but also own some homes. Just sold a home after $150k renovation and pulled a 4.5x on capex investment the investment. I analyze 20-30 homes (on paper) every couple of weeks to see if I can make sense of them. I know it is not the best time to buy and it will be challenging to find the right deals but I wonder if i am just being to over analytical? I have cash, plus great portfolio lender willing to lend, my own team for property management, construction etc. Additionally I have been taking into consideration partnerships to buy larger parcels in the north east as well.
Any thoughts?